Are they expecting something to happen? As you will read about below, the European Union says that any nation within the EU that does not enact “bail-in” legislation within the next two months will face legal action. The countries that are being threatened in this manner include Italy and France. If you fast forward two … Continue reading
China’s gross domestic product (GDP) growth is being overstated by 1 to 2 percentage points due to a glitch in the way it is being calculated, according to estimates from Capital Economics, the Financial Times (FT) reports on Sunday. According to the estimates from Capital Economics, this would mean China, the world’s second-largest economy, had only grown by … Continue reading
By Andrew Korybko NATO’s Black Sea bloc gets busy (I), Via Oriental Review The shaky truce in Ukraine has given NATO ample opportunities to spread the New Cold War beyond Eastern Europe and into new theaters, one of which has been the greater Black Sea region. The recent destabilizations in Macedonia and Moldova that endanger Russian … Continue reading
Hungary has officially become the first European country to ink a cooperation agreement for China’s New Silk Road initiative, a package of strategic initiatives to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road, to develop trade and transport infrastructure across Asia and beyond, China’s Foreign Ministry said late on Saturday. The Foreign Ministers of Hungary … Continue reading